Lefar, 50, will remain at the company while he helps it
look for a successor, Holmdel, New Jersey-based Vonage said
today in a statement. The search process should conclude by the
end of this year, the company said.

Under Lefar, Vonage expanded outside the U.S. and into new
services such as international mobile-phone calls. While revenue
has fallen each year since 2009, the company has reported three
straight years of profit.

“He charted a new course for the company, delivering
strong financial results and dramatic operational
improvements,” Chairman Jeffrey Citron said of Lefar.
“Strategically, he has guided our transition from the domestic
home phone replacement market into higher growth segments and
geographies.”